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Enter Stock Symbol3 Top Restaurant Stocks to Watch In JuneOne of these restaurant operators is suffering, another just wants to get back to last year's solid growth rates, and the third is applying lessons learned in the coronavirus lockdown to negotiate better deals with its landlords.Sat, 06 Jun 2020 12:13:00 +0000 —Read more…3 Stocks to Play a Coronavirus RecoveryA cruise line, a discount retail mall operator, and a restaurant chain might not be at their best right now, but they should lead the way in the pandemic recovery efforts.Sat, 06 Jun 2020 11:00:00 +0000 —Read more…These Are The 5 Best Stocks To Buy And Watch NowBuying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?Fri, 05 Jun 2020 20:59:04 +0000 —Read more…Chipotle Up 24.5% YTD Despite Coronavirus: More Room to Run?Chipotle (CMG) steadily benefits from robust digital sales. The company is seriously trying to make digital ordering more attractive to customers, thereby enhancing its restaurant operations.Fri, 05 Jun 2020 14:47:02 +0000 —Read more…What's Behind Chipotle Mexican Grill's Share Price Jump?Chipotle Mexican Grill, Inc. (NYSE: CMG) shares are up nearly 4% so far this week, trading north of $1,000 per share.This comes just two months after the stock fell below $500.On Monday, Wedbush analyst Nick Setyan maintained an Outperform on Chipotle and raised the price target from $870 to $1,200.Wedbush revised its estimates for second-quarter same-store sales from a 20% decline to a 9% decline. Chipotle reported substantial growth in its digital order volume during the start of the COVID-19 outbreak, with same-store online sales increasing by 81%.What's Next For Chipotle In Wedbush's view, Chipotle will return to pre-coronavirus same-store sales growth by 2021. Chipotle has focused heavily on digital sales in the past. Ninety-seven percent of Chipotle stores are accessible through third-party apps such as Uber's (NYSE: UBER) Uber Eats and Grubhub (NYSE: GRUB).Chipotle also has a track record of innovative marketing campaigns. Most recently, Chipotle has jumped on TikTok.Chipotle launched a marketing campaign to select one winner to receive free food for an entire year using TikTok and YouTube star David Dobrik. The trending hashtag Chipotlesponsorme was used in more than 2.7 million videos.CMG Price Action Chipotle shares were trading slightly higher at $1,050.01 at the time of publication Thursday. Photo courtesy of Chipotle. Latest Ratings for CMG DateFirmActionFromTo Jun 2020WedbushMaintainsOutperform May 2020ScotiaBankMaintainsSector Perform May 2020Deutsche BankInitiates Coverage OnHold View More Analyst Ratings for CMG View the Latest Analyst RatingsSee more from Benzinga * 8 Perfect Board Games To Play During The Coronavirus Quarantine * 5 Strategies For Protecting Yourself From Fraud During Coronavirus(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Thu, 04 Jun 2020 15:18:33 +0000 —Read more…Better Buy: Disney vs. ChipotleChipotle and Disney have been impacted by COVID-19 in different ways. With both stocks down a few pegs, which is the more appealing investment?Thu, 04 Jun 2020 09:54:00 +0000 —Read more…Why Chipotle Mexican Grill Stock Climbed 14% in MayShares of Chipotle Mexican Grill (NYSE: CMG) rose 14.3% in May, according to data provided by S&P Global Market Intelligence. In March, monthly comparable-restaurant sales only fell 16% year over year, pretty remarkable for a restaurant chain with no open dining rooms. All told, Chipotle was still profitable in Q1.Wed, 03 Jun 2020 22:24:00 +0000 —Read more…Chipotle Mexican Grill (CMG) Stock Sinks As Market Gains: What You Should KnowChipotle Mexican Grill (CMG) closed the most recent trading day at $1,049.71, moving -0.87% from the previous trading session.Wed, 03 Jun 2020 21:45:09 +0000 —Read more…Bill Ackman's Pershing Square Takes a Bigger Bite of Restaurant BrandsActivist guru expands stake in restaurant company that appears to be thriving despite coronavirus woes Continue reading...Wed, 03 Jun 2020 17:07:12 +0000 —Read more…These 2 Stocks Would Have Nearly Doubled Your Money Last YearIf you think it takes a hot IPO or clever tech player to deliver that kind of rapid share price growth, think again.Wed, 03 Jun 2020 10:15:00 +0000 —Read more…Chipotle Mexican Grill To Announce Second Quarter 2020 Results On July 22, 2020Chipotle Mexican Grill (NYSE: CMG) will host a conference call to discuss second quarter 2020 financial results on Wednesday, July 22, 2020 at 4:30 PM Eastern time.Tue, 02 Jun 2020 20:10:00 +0000 —Read more…Chipotle CEO Offers Business Update On 'Mad Money'Chipotle Mexican Grill, Inc. (NYSE: CMG) was well prepared to manage the COVID-19 disruption because of its prior investments in digital and people, CEO Brian Niccol said on CNBC's "Mad Money."Chipotle's stock trades around $1,050 per share, more than doubling from its year-to-date low hit on March 18.Digital 'Served Us Well'Chipotle's prior focus on digital and people "served us well" as the restaurant was positioned to better adapt to the new wants and needs of consumers. The company is now taking a cautious approach towards reopening its stores for dine-in, but management still expects recent digital gains will "remain in good shape."The continued focus on digital is expected to help the company achieve an average unit volume of $2.5 million, Niccol said. This figure is consistent with historic highs last seen in 2015 and part of Niccol's goals since joining the company from rival Taco Bell in 2018."Once we get to $2.5 million our eyes would be on how to go beyond that," he said. "So we are very optimistic with the access we are creating with our digital kitchens and all the digital access points."Chipotlanes In ActionNiccol said he spent the past two weeks visiting a few markets and a key standout from his checks was the success of the "Chipotlanes" drive-through process. The drive-through lane is reserved for digital orders and focuses heavily on customization and speed.This will play a big role in Chipotle's growth model moving forward, he said.Related Links:Restaurant Analyst Says Delivery, Pickup Separate Winners From Losers3 Expert Reactions To Chipotle's Q1 PrintPhoto credit: Chis Potter, FlickrSee more from Benzinga * Checking In On Restaurants During The Coronavirus Lockdown: Pros Working Behind The Scenes * Restaurant Analyst Says Delivery, Pickup Separate Winners From Losers * Why Cramer Favors Chipotle, Starbucks And Wendy's Post-Coronavirus Shutdown(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Tue, 02 Jun 2020 16:31:08 +0000 —Read more…Chipotle Mexican Grill Could Continue to SurpriseIn his first "Executive Decision" segment of Mad Money Monday evening, Jim Cramer spoke with Brian Niccol, chairman and CEO of Chipotle Mexican Grill Inc. , the restaurant chain with shares up 35% over the past three months. Niccol said Chipotle continues to invest in technology, innovation and its people and all of those efforts have paid off during this pandemic. In the daily bar chart of CMG, below, we can see that prices have more than doubled from the March low.Tue, 02 Jun 2020 12:43:00 +0000 —Read more…Why Chipotle Shares Jumped MondayChipotle received a vote of confidence from an an analyst who expects better same-store sales performance during the second quarter.Mon, 01 Jun 2020 19:32:00 +0000 —Read more…Is $1,200 Just Around the Corner for Chipotle Shares?Wedbush analyst Nick Setyan lifted his price target on Chipotle Mexican Grill (NYSE: CMG) by 38% on Monday. The analyst cited the burrito purveyor's strong digital track record, saying Chipotle has the luxury of taking its time. "We sensed that Chipotle may be taking a more conservative approach to opening dining rooms as solid off-premise sales trends allow management to further hone their dine-in operating procedures," he said.Mon, 01 Jun 2020 17:46:00 +0000 —Read more…Chipotle Shares Rise as Wedbush Lifts Price TargetBurrito chain Chipotle Mexican Grill rises after Wedbush raises its price target to $1,200 from $870.Mon, 01 Jun 2020 16:04:00 +0000 —Read more…Best Growth Stocks for June 2020Shares of PayPal, SolarEdge, Facebook, Chipotle, and Domino's Pizza represent potential buying opportunities for long-term investors.Mon, 01 Jun 2020 15:33:27 +0000 —Read more…Chipotle Stock Is Rising After One Analyst Sees 17% Upside to the SharesChipotle Mexican Grill tock was higher Monday morning, helped in part by a bullish note from Wedbush, which argues that the burrito chain should continue to outperform.Mon, 01 Jun 2020 14:35:00 +0000 —Read more…Hedge Funds Done Buying Chipotle Mexican Grill, Inc. (CMG)?The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]Fri, 29 May 2020 15:34:13 +0000 —Read more…Chipotle Is a Great Company, but the Stock Looks PriceyRestaurant crisis, you say? Not if you’re an investor of fast casual chain Chipotle Mexican Grill (CMG). The restaurant industry’s struggles during the pandemic have been well documented, as enforced closures have decimated the sector. But CMG shares recently notched an all-time high, blasting through the $1000 mark. So what is driving the forward momentum?Several reasons. Firstly, Chipotle has done an excellent job boosting its digital presence by increasing the focus on the takeaway and delivery segment. The move has paid off handsomely during the pandemic.While Chipotle’s excellent Q1 earnings results saw revenue increase by 7.8% to $1.4 billion, digital sales really shone – increasing by 80% to a record $371.8 million and amounting to 26.3% of overall sales.Marketing efforts have paid off too, with a massive increase in loyalty program members. Daily sign-ups almost quadrupled in the month leading up to the earnings release.Another element working in Chipotle’s favor is its position within the wider spectrum of eating out habits. Chipotle is part of the limited service category, which has been taking an increasingly large chunk out of total restaurant share. Within that segment, the fast-casual category in which Chipotle belongs, is growing faster than other segments. Add the increasing popularity of Mexican food into the mix and you have a recipe for success.Deutsche Bank analyst Brian Mullan agrees. The analyst believes “Chipotle's first-mover and growing competitive advantages in the digital and loyalty arenas leave it poised to take outsized category share over at least the next several year period.”However, Mullan’s positive assessment is tempered by the stock’s recent mercurial gains.“While all-time highs make sense to us, the risk-reward has of course changed by nature of the recent rally… As a result, we will try to exercise some patience / discipline and not push our long-term assumptions too hard in order to support a Buy rating in the here and now. We would look to get more positive on any pullbacks, should the opportunity present itself,” Mullan concluded. Accordingly, Mullan rates Chipotle shares a Hold. (To watch Mullan's track record, click here)The analyst fraternity’s views on Chipotle is currently split down the middle. A Moderate Buy consensus rating is based on an even 13 Buys and Holds, each. The recent gains mean the average price target of $901 represents downside of 9% and a change. (See Chipotle stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Fri, 29 May 2020 00:21:06 +0000 —Read more…

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